The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-03-12
MONEY, BONDS AND STOCKS.

ghe Dullest Day of the Week, all Shares Be-
ing Quoted Dull but Firm.
NEW YORK, March 11.-Money on call was
sassy at 4 07 per cent, closing offered at per
cent
Prime mercantile paper, 06 per cene.
Sterling exchange was dull but steady andun-
changed.
The total sales Of stocks to-day were 900 042
shares, including the following: Delaware Lack
awanna IL Western, 26.552 Erie, S,035; Lake
Shore, 40l2 Louisville & Nashville, 3l65;
Reading, 81, 230; St Paul, $500; Union Pacific
1880; Western Union 2S, 525.
To-day was the dulest day in the stock market
this week, and while prices were firm throughout
most of the day, the trading was almost entirely
professional, and pending the final outcome of
she Baltimore & Ohio deal, operators were want
Ing. There was no news in regard to it or any
thing else of importance to-day, but rumors in
regard to several properties were freely circu-
lated. A revival of the old story of deal be-
aween the New York G. New England and the
New Haven roads was effected, and several other
vague rumors Of deal Of some sort in the
CORNER property were circulated. The four or
hve stocks which have monopolized the business
aor the past week did the usual proportion OF
trading to-day, while the remainder OF the sen ar
al list were, for the most part, dull and devoid
OF feature. New England and Consolidated were
conspicuous for strength, while the coalers es-
pacially Lackawanna and Jersey Central, were
generally heavy throughout The rumor was
circulated on the board in the afternoon that the
baltimore 81 Ohio deal was off, which led to
some selling in the last hour, but a better tone
was developed just previous to the CLOSE when
1t became known that an extension of time had
bean granted to the syndicate Western Union
was moderately strong early in the day, which,
in connection with the advance in American ca
bic stock, attracted considerable attention.
Lackawanna was affected somewhat by rumors
of decrease in the dividend rate, but these met
with prompt denials. Richmond & West Point
was the conspicuously weak stock of the active
list, Its decline being in the last hour The open
3ng was tame and uninteresting, but the market
was Arm throughout, the advances over last
evenings prices ranging from to per cent.
There was an inclination to heaviness in the
early dealings, but it disappeared and prices
were brought up to a shade above the opening
figures. The market then became extremely
dull but remained firm. In the afternoon there
was still less activity. and short period of heav-
iness was succeeded by renewal of the steady
hardening of values. The last hour, however,
was marked by renewed activity, accompanied
by weakness, and the early gains, in many cases.
were completely wiped ont, Richmond & West
Point being most noticeable for the decline es-
tablished. Although the market closed on a
rally, it was heavy. Closing prices show irregu
lar changes, though advances slightly in a
majority, and the only important difference was
decline of II per cent in Richmond s. Yves,
Point.
Railroad bonds were dull and unusually irreg
nlar; the sales aggregated 81, 0OO, 600. There was
no feature or Importance.
Both government and State bonds were dull
and steady. Closing quotations were